Listing provided courtesy of Trademarks & AssociatesMREDas Distributed by MLSGrid- MLS# 12667592MLS Provider

5538 S Perry AvenueChicago, IL 60621

Multi-Family · 4 Beds · 0.05 Acres
$71,250 Active

5538 S Perry Avenue Overview

Time on Site:
26 days
Visits:
0

Step on up...don't be shy! This frame 2-unit is looking for its next owner, and thanks to a recent price improvement, the invitation just got a lot more attractive. Whether you're searching for a property with potential, a place to make your own, or an opportunity to add value through thoughtful updates, this could be the one that earns a spot at the top of your list. Featuring 2 bedrooms and 1 bath in each unit, this property offers flexibility, functionality, and plenty of room for imagination. The layouts provide a solid foundation for future improvements, while the partially finished basement offers additional space for storage, hobbies, recreation, or whatever creative vision you have in mind. Think of it as the bonus room that's still waiting to learn what it wants to be when it grows up. Let's be honest-some homes are completely finished. Others give you the opportunity to create something uniquely yours. This property proudly falls into the second category. Bring your ideas, your inspiration, your favorite paint color, and maybe even that toolbox you've been meaning to use more often. Washington Park is becoming more exciting! You'll enjoy convenient access to green space, walking paths, recreational amenities, and community attractions. The continued investment surrounding the Obama Presidential Center has brought renewed excitement and attention to the area. Nearby access to the University of Chicago, shopping, dining, public transportation, and the Dan Ryan Expressway helps keep everyday conveniences within easy reach. So if you've been waiting for an opportunity with upside potential, a great location, and a price that's moving in the right direction, don't let someone else become the new neighbor first. Opportunity is knocking. The price has spoken. Now all that's missing is you.

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5538 S Perry Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.05 Acres

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1888

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Washington Park
  • Township: Lake

Tax Information

  • Tax Annual Amount: $1,352.36
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20162050290000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 4
  • Bedrooms Possible: 4
  • Full Baths Building: 2

General Information

  • Basement: Partially Finished, Full
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Size Dimensions: 25 x 85
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Stone
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

5538 S Perry Avenue Neighborhood

Community

60621 (CHICAGO) Demographics

37
Median Age
7,171
Population Density (per sq. mile)
16%
College Educated
$23,019
Estimated Median Income
2,506
Estimated Total Home Owners
8,240
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5538 S Perry Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5538 S Perry Avenue Market Data

Based on the last 30 days in this zip code

$189,260
Average List Price
$123
Average Price per Square Foot
3
Properties Sold
85
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

5538 S Perry Avenue History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Added to Database
June 03, 2026